The loan is repayable, through the tax system, once your income reaches the income repayment threshold, currently $54,126 for the 2015-16 financial year. It can also be paid through voluntary repayments.

The Government has introduced new laws regarding the payment of training and study loans for people who move overseas. From January 1 2016, persons considering moving and living overseas for more than six months will be required to notify the Australian Taxation Office of their new contact details by simply creating a myGov account, linking to ATO online services and selecting 'update your details'.

From 1 July 2017, people overseas will need to use their ATO online account to lodge an assessment of their worldwide income.